FTX Claims Sam Bankman-Fried Plundered $2.2 Billion in 'Loans and Payments' as CEO

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

FTX founder Sam Bankman-Fried has been accused of taking more than $2 billion in “loans and payments” from the firm during his time as CEO.

Democrat megadonor SBF faces allegations of committing massive fraud using his cryptocurrency exchange and trading firm.that Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, received a staggering $2.2 billion in loans and payments while allegedly committing a massive fraud within the business, according to a late-night announcement made by liquidators on Wednesday.

Bankman-Fried reportedly obtained more than $2 billion in loans, mainly through the hedge fund he founded, Alameda Research, according to documents filed with the bankruptcy court. Alameda allegedlycustomer deposits from FTX accounts in an effort to cover its losses after suffering losing large amounts of money on bad investments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And Jarod Kushner raked in 2 billion dollars from the Saudis while working in the White House! Let’s talk about that.

he needed the $2B to cover his contributions to Democrats and the Biden's. With at least 7 people to support with payoffs the Biden's use up a lot of money.

I guess after a certain point it becomes monopoly money.

Have you noticed how the rich and famous can go underground and the main stream fake press never seeks them out. Boy did President Trump have it right about the news media. I don’t trust any of them anymore. Not even Fox.

My company, therefore, I can loot!😂😝🤔🤣

10 bucks says he gets the bob sadet room

Is he not in prison yet

Happy belated St. Patrick's Day Sam. You are officially the PATsy of your users. Enjoy the spring, then the summer. I don't think the fall waiting for you is going to be so pleasant though

Why isn't he in prison?

Oh, he’ll, he didn’t mean to skim. He was under pressure & all that. Mini Madoff just trying to keep up with his idol. At first, Bernie was selective & only took money from his “ brothers”.

Think guy must be kin to the Bidens

He'll get a slap on the wrist, get sent to some FED country club prison, serve his time, and fade away with 2.2 billion dollars.

And sent to the Demoncrat campaigns to ruin our great country.

No campaign violations I bet ;)

Bankman-Fried is out walking around on bail while J6 rioters are in jail awaiting a trial for over 2 years. Clearly there is a tiered system .

Lock him up…

Suprise...Suprise

He’ll be elected to a House seat for the Democrats in ‘24

NATIONAL STRIKE- Day of Prayer for President Trump

And donated billion$ to Biden

Hope he answers for his crime. Likely he’ll have a talk with Epstein soon.

Funny, we haven’t seen this little rat on television either. The big boys are protecting him and the crooked media.

He'll get a slap on the wrist, a short term in a Fed country club prison, and fade away with his 2.2 Billion. The American public has a very short attention span.

Where’s the money? Follow the money. He was used by others with power. He’s just a pawn.

And nothing will happen to him....

Another way to word it, 'He took less than 50 billion'.

And did Bernie M get to stay home with his mommy & daddy!!

Democrat 'donations' - Maxine Waters blowing kisses to him.

Why is this guy not in prison

Where is the MONEY now ?

JEEVANZUTSHI He was very large donors to Democratic party.

Well he should have enough money to pay his lawyers before the judge cuts him loose

House arrest was gift to this creep by the Dem Party. Can't wait to see him behind bars eating prison rations.

And he's in for one big wrist slap

How many democrats are corrupt 🤔

The government stole our money Feds bail out banks. We are only allowed to use debit cards. Then feds can decide what we can spend our money on. If we don’t do things their way, they keep our money. Example. If we refuse to take our shot. They will not let use use our money.

Why is he out bail...Jonah Hill should be in jail.

FTX was a democratic ATM SBF will be fine

Protected by Democrats

So FTX donates all this money to Democrats and goes broke. Then SVB donates all this money to liberal causes and Democrats and they go bankrupt. Is there a pattern of donations to woke Democrat politics thru manipulated bankruptcies and poor management.

not only politics and media is rotten, justice is too.

But still free!

Ok but when is he going to jail?

Did all the politicians pay back FTX? Hhhmmm

And he’s not in jail, but totally innocent J6ers rot in jail. Sadly, when Republicans take over the house, senate and presidency, we will treat democrats like angels from heaven.

And he is still listed on the Clinton global initiative. 🤷🏻‍♀️

Joe will bail him out with our tax dollars

Video games are expensive

Come yellen bail him out

Lock him up!

…which was funneled to the DNC and Democratic Party politicians! 🇺🇸😡🇺🇸

He then purchased woke Vermont politicians like BeccaBalintVT

So when is he being arrested?

evidently, he ordered out a lot.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sam Bankman-Fried said to have taken $2.2B from FTX entities: reportSam Bankman-Fried reportedly had received more than $2 billion from FTX entities according to court filings made by the new management of the cryptocurrency exchange. He is disgusting. Looks , ethics , politics. Disgusting Why is this POS not in jail awaiting his trial? Is there an SBF/ SVB connection? 🤔
Source: FoxBusiness - 🏆 458. / 53 Read more »

FTX transferred $2.2B to Sam Bankman-Fried, new management saysSam Bankman-Fried reportedly had received more than $2 billion from FTX entities according to court filings made by the new management of the cryptocurrency exchange. Republic Bank with a market cap of 6 billion was given a 30 billion infusion of cash by the Federal Govt. Who takes care of rich people now? Littke guy always gets screwed he always played dumb, I dunno where the money is
Source: FoxBusiness - 🏆 458. / 53 Read more »

Pay My Legal Bills Before Anyone Else, Sam Bankman-Fried Tells FTX | CoinMarketCapThe disgraced founder of the failed cryptocurrency exchange is facing legal bills in the millions of dollars and wants 'priority' access to the firm's director and officer insurance. Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals! This man never dies
Source: CoinMarketCap - 🏆 290. / 63 Read more »